Hdfc Securities On Nifty

Shares of Adani Group companies were down between 0.4 per cent and 5 per cent on news that securities regulator and customs authorities were investigating some of the group companies.

Both NSE and BSE later issued statements saying their systems were working normally after some investors complained about the issue on social media.

HDFC Securities says the Nifty Pharma sub-index of NSE could bounce back up to 9600-9700 levels in next 2-3 months compared to its current value of 9,250.

The Nifty has broken multiple records this year and some brokerages have revised their targets higher.

Gautam Chhaochharia, head of India research at UBS Securities, expects banking and financial stocks to benefit drop in faster-than-expected drop in effective interest rates on the back of a fall in inflation.

The BSE Sensex edged higher on Monday, ending an eight-session losing streak, led by recently hit banking and consumer goods stocks, including ITC, while Financial Technologies also recovered from recent steep falls.

The stock markets opened higher on Monday, continuing their rally from Fridays highs. At 9:16 am, the 30-share BSE Sensex jumped 81.69 points to 19,098.15, while the broader 50-share NSE Nifty gained 30.35 points at 5,813.45.

Steep losses in Tata Motors, Bharti Airtel and ICICI Bank today dragged BSE benchmark Sensex to three-week low of 19,781.19 and Nifty to below 6,000 as tepid earnings and RBI's draft guidelines on bank provisioning requirements hit the sentiment.

The BSE Sensex fell 0.3 per cent early on Wednesday, led by losses in power and steel firms

The BSE Sensex fell more than 1 per cent on Monday. The 50-share NSE index was down 1 per cent at 5,306.75.

The BSE Sensex and NSE Nifty fell more than 1 per cent on Monday on election result worries

Shares of Adani Group companies were down between 0.4 per cent and 5 per cent on news that securities regulator and customs authorities were investigating some of the group companies.

Both NSE and BSE later issued statements saying their systems were working normally after some investors complained about the issue on social media.

HDFC Securities says the Nifty Pharma sub-index of NSE could bounce back up to 9600-9700 levels in next 2-3 months compared to its current value of 9,250.

The Nifty has broken multiple records this year and some brokerages have revised their targets higher.

Gautam Chhaochharia, head of India research at UBS Securities, expects banking and financial stocks to benefit drop in faster-than-expected drop in effective interest rates on the back of a fall in inflation.

The BSE Sensex edged higher on Monday, ending an eight-session losing streak, led by recently hit banking and consumer goods stocks, including ITC, while Financial Technologies also recovered from recent steep falls.

The stock markets opened higher on Monday, continuing their rally from Fridays highs. At 9:16 am, the 30-share BSE Sensex jumped 81.69 points to 19,098.15, while the broader 50-share NSE Nifty gained 30.35 points at 5,813.45.

Steep losses in Tata Motors, Bharti Airtel and ICICI Bank today dragged BSE benchmark Sensex to three-week low of 19,781.19 and Nifty to below 6,000 as tepid earnings and RBI's draft guidelines on bank provisioning requirements hit the sentiment.

The BSE Sensex fell 0.3 per cent early on Wednesday, led by losses in power and steel firms

The BSE Sensex fell more than 1 per cent on Monday. The 50-share NSE index was down 1 per cent at 5,306.75.

The BSE Sensex and NSE Nifty fell more than 1 per cent on Monday on election result worries